Catching Up to FI

Attorney Spilling all the Legal Tea on Estate Planning | Jenny Rozelle | 121

Feb 9, 2025
Guest
Jenny Rozelle
Jenny Rozelle, an attorney at Indiana Estate and Elder Law, brings her legal expertise and humor to the table. She tackles estate planning essentials like wills, trusts, and healthcare directives in an engaging way. Jenny shares cautionary tales and celebrity mishaps to illustrate the real-life implications of poor planning. Listeners learn about the significance of communication within families regarding legal documents and the pitfalls of navigating probate and beneficiary designations without professional help.
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INSIGHT

Revocable Living Trusts

  • Revocable living trusts offer flexibility and control.
  • You can amend, add, or remove assets, and avoid probate.
INSIGHT

Intestacy vs. Will

  • Dying intestate means state laws dictate asset distribution, often unexpectedly.
  • A will ensures your wishes are followed.
ANECDOTE

Gift Tax Surprise

  • Children inheriting assets and gifting them back to a parent have gift tax implications.
  • This adds complexity.
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